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MonkeDAO Plans to Buy Rights to Popular Solana Monkey Business NFT Collection for $2M

MonkeDAO, a decentralized autonomous organization (DAO) launched in 2021 on the Solana blockchain, has announced plans to purchase the rights to the popular non-fungible token (NFT) collection Solana Monkey Business (SMB).

SMB launched "Gen1" of its collection in June 2021 and then released "Gen2" in August 2021, with the collection of 5,000 pixelated monkeys gaining widespread appeal. At the time of writing, SMB has a floor price of 223 SOL (about $5,427) and has done over $1.8 million SOL (about $43 million) in total sales volume.

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